Eden Terrace, Auckland City

Here’s a rare opportunity to secure a strategic freehold property in central Auckland, combining strong holding income with immediate add-value potential.Currently returning $380,000 + GST net per annum, the ground floor is fully leased to BestStart Newton, a national childcare operator with a long-standing presence. The childcare centre occupies the ground floor of this modern accommodation with outdoor play areas, secure entry and onsite parking. However, the real value lies in the entire upper floor, which is currently vacant and available to occupy, refurbish, or lease out. This space offers considerable upside as an owner-occupier opportunity, an extension of the existing childcare facility, or as a standalone income stream through third-party leasing. With a flexible internal layout and separate access, the upper level is a blank canvas for investors or add-value buyers.The 1,882sqm (more or less) fee simple landholding is zoned Business – Mixed Use, offering further future potential, including residential or commercial redevelopment (up to 21 metres height) with potential further intensification to 15 levels. Located just minutes from the CBD, Ponsonby, Kingsland and the new City Rail Link (CRL) station at Mt Eden, this is a location that continues to evolve and intensify - making it ideal for strategic land banking or development planning.Dual street frontages to Virginia Avenue East and Charlotte Street provide excellent access, while 22 on-site car parks add further practicality for both childcare and future tenants.The property is for sale by way of Negotiation. Contact the sole agents to arrange your viewing and gain further information today. Features: Approx. 1,882sqm fee simple freehold site with dual accessApprox. 2,240sqm total Net Lettable Area across two levelsGround floor leased to BestStart childcare – returning $380,000 + GST net p.a.1,097sqm of upper floor vacancy – occupy, refurbish or lease out for added incomeZoned Business – Mixed Use with 21m height overlayConsented for 136 children – well-established early learning facility22 car parks (9 covered, 13 open)Excellent central location near Mt Eden CRL, CBD, Ponsonby, and motorway links More information: https://www.colliers.co.nz/p-NZL67034592